Dubai manufacturing, services companies looking to increase business through Export Assistance Program

UAE. Local SMEs from the manufacturing and services sectors are strengthening their export activities by availing the Export Assistance Program (EAP), a financial assistance service

Kuwait reserves grow by 12b barrels

Kuwait City : Kuwait has added at least 12 billion barrels of crude oil to its reserves, which are estimated at over 100 billion barrels, following a comprehensive study, a newspaper reported yesterday.

Dubai aims for new export drive

Dubai has launched a scheme to supply grants for companies to establish new export markets as the emirate looks to further boost trade after the global financial crisis.

India's L&T to set up ME headquarters at Dubai Outsourcing Zone

Dubai: Larsen & Toubro, an India-based global conglomerate that helped build Abu Dhabi airport, has chosen to locate the new headquarters of its IT subsidiary, L&T Infotech Middle East, in Dubai.

Etisalat plans higher speeds for new mobiles

Dubai: In line with its promise to showcase futuristic solutions at Gitex, etisalat yesterday announced plans to upgrade its national high-speed HSPA+ technology in collaboration with Huawei and Qualcomm, to deliver data super downlink speeds of up to 42.2 Mbps, during the last quarter of 2010.

198 government agencies sign on to 'dotEmarat'

Dubai: So far, 198 UAE government and semi-government entities have registered under the Arabic form of ‘dotEmarat' domain name with the Telecommunications Regulatory Authority (TRA), officials said.

Topaz awarded Dh367.32 million contract

Dubai: Topaz Engineering, a division of Topaz Energy and Marine, has been awarded a $100 million (Dh367.32 million) EPC contract for the Phase IV Oil Storage Terminal for GPSChemoil in Fujairah.

India expects to rake in $30m in sales

Dubai: India is fielding a strong contingent of 66 companies at Gitex in a bid to strengthen its relations with the Middle East in information and communications technology (ICT).

Dubai Economic Structure

Dubai is the 44th best financial city in the world, as surveyed by City Mayors. The organization also ranked Dubai in the 33rd position in the list of the richest cities in the world, as measured by purchasing power parity (PPP). The city is known as an international financial centre. The economy of Dubai stood at US$ 46 billion in 2006.

Report on Dubai's Economy

The economy of Dubai is one of the most unique and unusual in the world. As an entrepôt, (or free port or porto franco) duties and taxes are not imposed on imported goods.